Gensler Sees Archegos as Blueprint for SEC Action: Harvey Pitt

The video discusses SEC Chairman Gensler's testimony, focusing on the SEC's blueprint for action, including regulation of gamification in trading, payment for order flow, and off-exchange trading. It highlights the significant shift in trading practices, with a large portion now occurring off-exchange, and the concentration of trades among a few wholesalers. The video also covers the Archegos incident, emphasizing the need for better risk management and disclosure. Finally, it addresses conflicts of interest in trading, particularly with platforms like Robin Hood, and the importance of protecting investors.

What were the consequences of the Archegos situation as discussed in the testimony?

How does Chairman Gensler's testimony address the conflict of interest in promoting trading?

What are the potential risks for investors associated with the gamification of trading?